Sharing Economy News

Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.

Abu Dhabi

Abu Dhabi’s tech hub sees surge of interest from start-ups

Abu Dhabi’s new technology hub says it has seen a surge in interest from start-up firms in the UAE and abroad despite the economic impact of the coronavirus pandemic last year, ami...

Yango - Delivery app

London’s newest online grocery delivery app comes from Russia with love

Russia’s biggest internet company dispatched its yellow-shirted moped riders to deliver groceries across London, the latest newcomer to launch in a crowded sector that is for...

DoorDash app-based delivery

NYC will not enforce restaurant customer data-sharing law while DoorDash sues

New York City agreed to hold off on requiring food delivery companies to share customer data with restaurants, the subject of a recent lawsuit by DoorDash Inc.

Platform News: Ride-hailing app Uber Technologies

Uber temporarily suspends Brussels service in first for Europe

Uber Technologies Inc joined a protest of its drivers in Brussels with an unprecedented suspension of its service in the Belgian capital.

Platform Industry: Wall Street, IPO's and stock performance

Restaurant-software maker Toast valued at nearly $33 billion

Toast Inc fetched a valuation of nearly $33 billion in its NYSE debut, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-grow...

Platform News: Ride-hailing app Uber Technologies

Uber could post first adjusted profit this quarter as ride demand returns

Uber could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected as online food ordering surges and ride bookings ...

HelloFresh

HelloFresh to spend nearly $60 million for new hires in tight labour market

HelloFresh will spend 50 million euros (approximately $58.91 million) to recruit 1,000 new tech employees across Germany, the United States, Canada and Australia over the next 12 m...

DoorDash

DoorDash sues New York over customer data law, second lawsuit in week

DoorDash Inc sued New York City over a new law requiring food delivery companies to share customer data with restaurants, saying it violates customer privacy and lets restaurants c...

Platform Industry: ByteDance China company building

Tech workers bemoan China’s crackdown on compulsory overtime

The Chinese communist government’s campaign to improve conditions for workers has spurred companies, particularly some of its tech giants, to cut down on long hours of compul...

Yandex Delivery

Russia’s Yandex restructures JV ownership with Uber in $1 billion deal

Yandex has said it would buy Uber’s stakes in their joint FoodTech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part o...

Platform News: Uber Technologies app

Uber proposes industry-wide gig worker benefits model in Canada

Uber Technologies Inc has proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share ...

DoorDash app-based delivery

New York City approves licenses, commission caps for food-delivery apps

The New York City Council has approved legislation to license food-delivery apps including Grubhub, DoorDash and Uber Eats and to permanently cap commissions they can charge restau...

Didi V2X

Didi suspends UK launch plans amid China crackdown on tech firms

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph has reported, against the backdrop of a regulatory bac...

Google Cloud

For bank regulators, platform giants are now ‘too big to fail’

More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re n...

Platform News: Delivery Services across the world

Takeaway.com posts operating loss of $224 million, sees improvement in second half

App-based delivery giant Just Eat Takeaway.com has reported a better-than-expected operating loss of 190 million euros (approximately $224 million) for the first half of 2021.